A customer with a loan worth €150,000 for 30 years, indexed to Euribor for six months and with a spread (bank's profit margin) of 1%, will now pay €632.16, which translates into an increase of €170.83 compared to the last revision in May.

In the case of a loan under the same conditions (amount and amortization period), but indexed to the three-month Euribor, the customer will start paying €587.08, €102.07 more than what has been paid since August.

These values ​​were calculated taking into account the Euribor averages in the month of October of 1.997% at six months and 1.428% at three months.

In loans indexed to 12-month Euribor, the mortgage payment - for a loan under the aforementioned conditions - will be €684.41 from November, an increase of €234.11 compared to what was paid since November 2021. In this case, the value was calculated taking into account the 12-month Euribor average in October, which was 2.629%.

Euribor rates are the main index in Portugal in bank contracts that finance the purchase of a home. The six-month Euribor is the most used, followed by the three-month rate.

Euribor is set by the average of the rates at which a group of 57 banks in the eurozone are willing to lend money to each other on the interbank market.

Faced with the increase in the cost of housing loans, the Government is preparing a package of measures aimed at mitigating the effect of rising interest rates on household income.